This just in from the White House blog: Today, the President released his 2011 federal […]
Tag: Tax season
This Woman’s Tax Season Has Been Infinitely Worse Than Yours
Yeah, we all have our tax season stories. Like remember the day in April when […]
Next Time You’re At the Bar, Order an Income Tax Cocktail
Not surprisingly, the Income Tax Cocktail (yes, it's real) doesn't sound that good. Don't get […]
Here’s Your March 15th Filing Deadline Open Thread
It would be remiss of us to not recognize today, March 15th, as the first […]
Late 1099s Lead To Awkward Confrontations at the Gym
According to Reuters, brokerage houses have upset some clients by needing more time to provide […]
Seasonal Tax Preparers Would Be Wise to Dismiss Drug Trafficking As an Option in the Off-season
The life of the seasonal tax preparer isn’t for sissies. You work your butt off […]
Tips For Filing Your Taxes For People Who Don’t File Taxes For a Living From the AICPA
Now, before the trolls rally and start complaining about how this post is stupid and […]
Accountant Can’t Bear the Thought of Serving Clients on the 100th Anniversary of the Titanic Sinking
As CPAs and capital market servants, you are all acutely aware that that serving clients […]
Tax Accountant, Who Had the Audacity to Be Away From His Desk, Spots Endangered Fish
Apparently Rick Beletti, takes a "daily stroll" and spotted an Atlantic sturgeon, which is a big […]
These Videos More or Less Portray What It’s Like Being an Accountant for Celebrities
Celebrities suck at taxes. This is known. From Young Buck to Jaime Pressly, there are no shortage of talented-ish people that find themselves in a world of hurt when in comes to complying with the IRC. How any accountants to the stars manage to keep their clients from completely losing their shit this time of year is anyone’s guess.
Luckily for us (everyone out there seems to be suffering from a busy season hangover), a couple of videos we stumbled across more or less put this niche expertise into perspective:
Alan Kaufman, Rock Star Accountant from Dan Meth on Vimeo.
The question over at TV.com, however, is whether or not SNL got its idea for Mort Mort Feingold, Celebrity Accountant from Alan Kaufman, rock star accountant. You can debate that if you feel so inclined but the realism of each is what’s noteworthy here. Anyone with firsthand experience in the A, B, C, or D celebrity clients is invited to share anecdotes at this time.
Five Tax Apps to Brighten Up Your Tax Season
Since IRS humor isn’t going to get us through the last few days of tax season, might as well turn to technology for some much-needed usefulness.
Let’s start with an app from the fine folks at the IRS themselves. IRS2Go lets you track the status of your refund and, if you’re of the tinfoil hat persuasion, may make you feel like you’re being watched by TPTB. Not using an iPhone? Try the Android version. To date, IRS2Go has been downloaded more than 250,000 times.
You knew it was inevitable that they’d come out with a tax app for iPad, which the TurboTax people have released just in time for April 18th. One small complaint from users is that the iPad version doesn’t let you log in to update or change current TurboTax info but other than that, this app allows you to prepare and e-file your taxes all without putting down your iPad. Make sure you deduct that $529 you spent on the thing while you’re at it.*
Also from TurboTax, SnapTax is a free app for iPhone and Android (what’s with the BlackBerry hate here?) that lets 1040EZ filers snap a pic of their W-2 to file. The application states it will do all the work for you and is free to try but $19.99 to file.
H&R Block’s free Tax Central app won’t do your taxes for you but it can help you find an H&R near you, estimate your tax bill and help you get together the documents you’ll need to file. It also features a nifty tax glossary in case you forget what AMT is. Tax nerds will enjoy the tax quiz!
Do you live in constant fear of both BPA-tainted receipts and an IRS audit? Stop filing your receipts away in a lead box and try TAX Organizer, which sorts your expenses and organizes your receipts on your device.
*Nothing on this site should be considered tax advice. If you’re really considering deducting your toys, please consult a tax professional.
Official: You Can Blame the South for the Income Tax
As you may have heard, 150 years ago today Confederate forces attacked Fort Sumter which began the Civil War. This war turned out to be a pretty big deal as the Union victory effectively ended slavery. But what you may not be aware of is that it also led to the first income tax in our fair land.
From our friend and tax maven-cum-historian Joe Kristan (who somehow has time to post with less than a week to go in tax season):
The consequences of the war, surely unintended by the operators of this gun, included the end of slavery, a horrific death toll, and the first Federal income tax. While the tax was repealed after the war, the idea stayed alive; the federal income tax came back in 1913, and is still with us. So while you struggle with your 1040, save a word of “thanks” for General P.G.T. Beauregard and the rest of the Confederates who attacked Ft. Sumter.
Funny thing – lots of people in the South manage to have no tax liability so aside from LOSING THE WAR the whole thing is probably NBD.
